Short-Term Outlook For BTCUSD | Decision Making
I'm expecting the Bitcoin price to move in the lower band of the ascending channel for the rest of the month.
We can observe some strong selling pressure on the top of the channel, with $25000 being the most recent high.
There's an opportunity for a leveraged long trade towards the MA200. The primary trend, though, is still down.
Therefore we should expect the suprises to occure in this direction.
We can observe some strong selling pressure on the top of the channel, with $25000 being the most recent high.
There's an opportunity for a leveraged long trade towards the MA200. The primary trend, though, is still down.
Therefore we should expect the suprises to occure in this direction.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.